Golden Ocean Group Ltd. (GOGL) Sees Unusually-High Trading Volume
Golden Ocean Group Ltd. (NASDAQ:GOGL) shares saw an uptick in trading volume on Monday . 204,400 shares changed hands during mid-day trading, an increase of 293% from the previous session’s volume of 52,030 shares.The stock last traded at $3.87 and had previously closed at $3.69.
Several brokerages have issued reports on GOGL. Zacks Investment Research upgraded shares of Golden Ocean Group from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Monday, August 29th. Jefferies Group reiterated a “buy” rating on shares of Golden Ocean Group in a research report on Monday, August 29th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Golden Ocean Group in a research report on Friday, June 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Golden Ocean Group has a consensus rating of “Hold” and a consensus target price of $4.50.
The stock’s market capitalization is $410.01 million. The firm has a 50 day moving average of $3.55 and a 200-day moving average of $3.60.
Golden Ocean Group (NASDAQ:GOGL) last announced its earnings results on Wednesday, August 24th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.04. On average, equities analysts anticipate that Golden Ocean Group Ltd. will post ($1.30) EPS for the current year.
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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